Risk of Delays in Deliveries and Installations Concentrated at the Fiscal Year-End
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 11 of 35 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Deliveries in the Company's signage business tend to be concentrated at the end of the fiscal year, partly because of customary practices in the construction industry. Similarly, installations in the Navita business also tend to be concentrated at the end of the fiscal year in response to requests from local governments and other location owners.」
Continues to identify the concentration of orders, deliveries and installations at the fiscal year-end, and the risk of delays in delivery schedules and construction periods if deliveries cannot be completed as planned. - FY2023RestatedAnnual report
「Deliveries in the Company's signage business tend to be concentrated at the end of the fiscal year, partly because of customary practices in the construction industry. Similarly, installations in the Navita business also tend to be concentrated at the end of the fiscal year in response to requests from local governments and other location owners.」
Continues to identify the concentration of orders, deliveries and installations at the fiscal year-end, and the risk of delays in delivery schedules and construction periods if deliveries cannot be completed as planned. - FY2022RestatedAnnual report
「In response to this trend, the Company is implementing strict delivery-schedule management and working to complete and deliver projects as planned. However, because many companies have fiscal years ending in March, there is a seasonal pattern in which orders and deliveries become more active toward the fiscal year-end」
Continues to identify the concentration of orders and deliveries at the fiscal year-end, the risk of delays in delivery schedules and construction periods, and delivery-schedule management measures. - FY2021First statedAnnual report
「Deliveries in the signage business tend to be concentrated at the end of the fiscal year, partly because of customary practices in the construction industry. Similarly, installations in the Navita business also tend to be concentrated at the end of the fiscal year in response to requests from local governments and other location owners.」
Explains the structural concentration of orders, production and deliveries in the fourth quarter, and cites credit and financial impacts from delays in delivery schedules and construction periods.